Manipal Group submits EOI for Think & Learn (Byju’s parent) under insolvency. MEMG seeks access to info for resolution plan.
New Delhi, Nov 13 (PTI) Manipal Education and Medical Group India (MEMG India), led by Ranjan Pai, has submitted an Expression of Interest (EOI) to participate in the ongoing Corporate Insolvency Resolution Process (CIRP) of Think & Learn, the parent company of embattled edtech firm Byju’s.
As per the EOI, MEMG has requested access to the information memorandum, virtual data room, evaluation matrix, and other information in order to assess the feasibility of preparing and submitting a resolution plan.
According to documents filed with the Resolution Professional (RP), MEMG India has sought to be included in the list…